Otis Worldwide/OTIS
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About Otis Worldwide
Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.
Ticker
OTIS
Sector
Industrials
Trading on
NYSE
Industry
Machinery
Headquarters
Farmington, United States
Employees
71,000
Website
www.otis.com
Otis Worldwide Metrics
BasicAdvanced
$38B
Market cap
27.44
P/E ratio
$3.46
EPS
0.91
Beta
$1.36
Dividend rate
1.43%
Dividend yield
Price and volume
Market cap
$38B
Beta
0.91
Dividend rate
$1.36
Financial strength
Current ratio
0.972
Quick ratio
0.832
Long term debt to equity
-148.048
Total debt to equity
-148.775
Dividend payout ratio (TTM)
39.01%
Interest coverage (TTM)
14.33%
Management effectiveness
Return on assets (TTM)
14.48%
Return on equity (TTM)
-32.16%
Valuation
Price to earnings (TTM)
27.44
Price to revenue (TTM)
2.72
Price to book
-7.66
Price to tangible book (TTM)
-5.53
Price to free cash flow (TTM)
28.23
Dividend yield (TTM)
1.43%
Growth
Revenue change (TTM)
5.02%
Earnings per share change (TTM)
14.60%
3-year revenue growth
2.71%
3-year earnings per share growth
12.83%
3-year dividend per share growth
19.35%
What the Analysts think about Otis Worldwide
Analyst Ratings
Majority rating from 16 analysts.
Otis Worldwide Financial Performance
Income StatementBalance sheetCash Flow
Income Statement
Revenues and expenses
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$3.4B
-5.06%
Net income
$353M
9.29%
Profit margin
10.27%
15.13%
Otis Worldwide Earnings Performance
Earnings per share (EPS)
Company profitability
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.92
$0.95
$0.87
$0.88
-
Expected
$0.86
$0.87
$0.86
$0.87
$1.02
Surprise
6.82%
8.82%
1.55%
1.10%
-
Otis Worldwide News
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Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.
Market closedNon-fractional
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Otis Worldwide stock?
Otis Worldwide (OTIS) has a market cap of $38B as of July 03, 2024.
What is the P/E ratio for Otis Worldwide stock?
The price to earnings (P/E) ratio for Otis Worldwide (OTIS) stock is 27.44 as of July 03, 2024.
Does Otis Worldwide stock pay dividends?
Yes, the Otis Worldwide (OTIS) stock pays dividends to shareholders. As of July 03, 2024, the dividend rate is $1.36 and the yield is 1.43%. Otis Worldwide has a payout ratio of 39.01% on a trailing twelve-month basis.
When is the next Otis Worldwide dividend payment date?
The next Otis Worldwide (OTIS) dividend payment date is unconfirmed.
What is the beta indicator for Otis Worldwide?
Otis Worldwide (OTIS) has a beta rating of 0.91. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.
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